______ refers to increases made to the amount of Social Security benefits paid to an eligible individual based on inflation and increasing costs of basic goods.
Fill in the blank(s) with the appropriate word(s).
Cost of living adjustments or COLA
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According to economic theory, in what should arbitrage conducted in a borderless world result?
a. price equality b. higher prices where supply is lower c. higher prices where demand is higher d. wealth being concentrated in the hands of the few e. a widening gap between the incomes of rich and poor countries
Which of the following became an implication of the commerce clause that was upheld by the Supreme Court headed by John Marshall in Gibbons v. Ogden (1824)?
A. The national government has repeatedly justified its regulation of almost all areas of economic activity. B. Both the national and state governments have equal powers that cannot be curtailed by the other. C. The trade between a state and its immediate neighbors has been left to the former's discretion. D. Both the national and state governments work as separate units. E. The state governments determines the power of the national government.